The break up of GE has created an impressive amount of shareholder value: ▫️In 2023, GE was worth $120B before splitting off into three. Those firms — GE Healthcare ($34B), GE Vernova ($212B) and GE Aerospace ($340B) — now a combined $586B (~5x). ▫️Combined $14B profit for GE Vernova (huge AI data centre demand for gas turbines) and GE Aerospace (sticky plane parts business) in 2025 was more than GE’s total profit the decade before splitting off. ▫️In 2019, GE sold majority stake in O&G services business Baker Hughes and it’s market cap is since up 3x to $60B. ▫️Same year, GE sold GE Transportation for $11B merged with Wabtec Corp, which is now worth $42B. ▫️In 2018, GE sold an on-site generator busienss to PE for $3B and up 5x to $15B now. ▫️A bunch of former GE Capital folk running similar business (aircraft lending, mid-market corproate) at Apollo.

Full read from The Economist: What a ride for GE. Briefly most valuable company world in world in 2000, then GE Capital blew up the business at GFC. A decade of nothing then BACK (GE Aerospace kept the GE ticker).